HomeMy WebLinkAbout1359 3. To pl~c~ and contin~rously keep on ths buildinpi now w 1~ereahN sitwte on said land and on a!! eqvsp!+Kn~ an.! p~non~lly cover~d by thit ma
s4s, with ~II ptemium~ the~eon ps~cl in futl. fire iniuranc~ in ~he usu~l srudard policy (o~m, in a sum approred by tM MORTGAGEE, ~nd windsto
7newanc~ In IM usual ~tandard policy fam, in • sum ~pproved by tht MORTGAGEE, in such compa~y a compani~s a 1M MORTGAGEE m
d~rectj ~nd all fir~ and windstorm inwrance policies on aoy of ssid build~nps, ~ny ints?~~t th~r~in w p~N thereof, in tM aQq.ey+i~ wm ~(a:iaid
in ~xcess Iher~of, ~hali conbin th~ vtwl standard morlQapN tisus~ a such otMr dav~ af Ih~ Malpage~ may rpvi~~. makinp tM lou ~ndK ss~d po
cie~, exh ~nd ~v~ry, payable to said MORTGAGEE as in intereit may ~ppea~, ~~d each u+d eve.y ~~ch policy shall b~ p?ompHy u~:pned u+d d~tivered ~
+ny held by said MORTGAGEE ~s furlha set~rity to taid mortya~ debt, a~d, nof leu than ten (10) d~ys 1n idvanc~ of tM ~xpir~tion of each policy, to d~
livs~ to aid MORTGAGEE • tenewal therwf. tope?h~ with a reteipt for IM premium of s~ch r~newal; and tMr~ ih~ll b~ no fi~~ or windstorm inturant
plxed on ~ny of s~id buildinps, any intereit thKein or part thtr~of, u~less in tF~ form and wi~h IM toss p~yable at ~fw~saidj and i~ tM eve~t any sun
of nqney btc~ornes payablt u+KJe~ suth polity a politie~ said MORTGAGEE ~MII Mw ths optio~ to r~teive and +pply ~he s~m* oe acco~nt of the indebted
ness secured hereby or to permit s~id MORTGAGORS to receiw ~nd uN if p ~ny parl thereof fw othe~ purposes, wi~hout thrreb~ waivi~~g o~ m~pair
iny u?y eqviy, lien w ryht under w by virtw oi this mortyaye; ~nd in tM ~vent u~d MORTGAGORS shall fw any nuon fail to keep the said premi:a so
insured, or fall to deliver promptly ~ny of said politi~s of insur~~c~ ro s~id MORTGAGEE, w fail p?omptly to pay fully ~ny premium the~efw or in any
resped feil b pafwm, dixha~ge, e~ecut~, ~ffect, complet~, comply wirh snd ~bid~ by this coven+nt, a any part Aer~of, said MORTGAGEE may place and
pay for such irowancs a any parf tMreof without waivirg w affectinp any option, li~n, puity, w ri9hf unda a by vi.tue of this Mortgape, and ~he
full amouet of each ~nd tw~y wch p~ymeM shal~ be imnxdiately dw and payabl~ and shsll be~r interest from tM dat~ thereof untif paid ~1 the rate of
n~ne per esnrum pK amum ~nd to,~erher with s~xh iereresr shaN be ~ecured by tlw lien of tAis mo??y+pe.
1. To permit, cwnmit or suff~r no wa~te, &npairment or deterioraYan of aid ptopefry or ~ny part thcreof.
S. To pay ~11 and slnpulu tFa cosb, thar~es ~nd expense~, includinp ~ reasonable attwney's fsa and costs of ~bitrscls of title, ioc~rred o~ pa7d st
any time by said MORTGAGEE, bec+use a in tM ~vent of the f~ilure on the paN of the said MORTGAGOR to duly, prompUy ~nd fully perform, discha~g~
execute, effect, complet~, compty with end ~b7de by each and every the stipulit~ons, ~greements, ca+ditions, +nd wvenants oi s~id promiuory note and thu
n:ortgape any or ei~her, and s~id cosn, charyes and expenses, each and every. s?wll b~ immediately due ~nd payable; wlxfher a not there be notice de
mand, mcmpt to cotiect p wit pending; and th~ f~ll amount of each and rvery wch payment shall bea~ inte~eit frpn ~he dat~ 1F?sreof until paid at tF~e
ra?e of nine pe~ centum per aru,um; and all said costs, char~es and expenses incurred w p~id, ?ogether with such interest, ahall be secured by tM lien of thiti
mortp~.
6. Th~t in the ~wnt of any bre~ch of this Mortgspe or def~ult on ttr p~~t of the MORTGAGOR, or (b) in the ~rent ~ny of said swns of naney
herein referred to be not promptly ~?xl fully p~id within thirty (30) d~ys Mxt after the sam~ severaify become due and payabta. witt~:~e dsma-d or aarKe,
nr in the event each u?d every ths stipulations, +greemsnn, conditions u+d coven~nts of said promissory note and this mortpa~e any a either ~n not
iu~y. promptly a~d fulty periwmad, d~scMryed, execvted, effected, compkred, complied wi~F~ and ~b'~ded by, then in either or any s~rch ~vent tM s~id ag
gregste wm mentioned in s+id {xomiuwy note then rem~ininp unpaid, with interest acuued, and a!l mo~eys setured hereby, sh~ll batort~t dw and p~y~
able fwthwith, or thereafter, at the option of said MORTGAGEE, u futly and compt~uly as if all oF the wid sum~ of mor~ey were or~ginally st~pulaud
ro be pa;d on such day, anythinp in said promiasory rate w in fhis Mwtgage 1o the contrary notwi~hstanding: sr+d thsreupon a thereafter a~ the op~ion of
aaid MORTGAGEE, without notKe w demand, svit at law w in puity, therefore w thereaf~er begun, may be prosecuted as if ~11 nwneys secursd hereby
had matwed prior to its institution.
7. That in the eve~t that at the beginning of or at any tima pe~di~g ~ny suit upon this Mortgsge, or to faecloss it, or to reform it, a to enforce
payment of any claims hereunder, said MORTCaAGEE shall apply !o the Court having jurisdidion therepf iot the appoiNment of a RKeiver, such Cour1 shatt
forthwith appoint a ~eceiver of said mortgsged property all and singular, includ~ng all and singvlu 1M inc~ome, profits, issues ~nd reve~ves f~om whatever
source de+ived, each and every of which, it beinp expressly v~derstood, is hereby matgaged as if speci(ically set fath snd dewibed i~ the ~ranting and
habe~dum tla~ses hereof, and such Receiver shall have aU ~he broad and effective funct~ons and powcrs in anywise e~trusted by a Covrt to a Receiver, and
such appointment sha11 be made by sucb Court as an admitted equity and a rrwtter of sbsolute right to said MORTGAGEE, ~nd without reference to the
adequscy q inadeqvacy of the value of the property mwtg~ged or to the solvency w insolvency of said MORTGAGOR or the defendann, and that such
ren~s, profits, income, iuues and revenues shati be applied by such Receiver accad;ny to the lien w equity of said MORiGAGEE and the practice of such
Court.
8. To duly, promptly and fully perform, dixharge, execute, effed, complete, comply with and abide by each and every the stipulations, sgreements,
conditans.and covenams in ~id promiasory not~ and this mortqsge set forth. •
9. Thst in the event the ownenhip of the mortgsged premises, or any pan thereof, becomes vrsfed in a person othet fMn the MORTGAGOR, ths
MORTGAGEE, in succeuws and sufyns, msy, without norice to the MORTGAOR, deal with such succeuw w successor in inte~est with reference to tha !
mor~gage and the dcbt hereby secvred in the ssme msnner as with Mortgagw withaut in any way vitiatin~ w dischargirp fhe Moztgagors' liability herc
undn or vpon the debt hersby secured. No ssk of the premises hereby mwtgaged and no forbea~~nce on the pan of the MORTGAGEE or its successon
w assigns and ro extension of the time for the psyment of the debt hereby secured ~iven by the MORTGAGEE w in succ4ssors or astiyns, sha11 operate
to release, dixh~r~e, modify ch~nge or affect tha wiginal Hability of the MORTGAGOR herein, either in whde or i~ part.
10. 1~ is specifically agreed thst time Fs of the esxnce of this contract and that no waiver of any obligation hereunder or of the obl'gation se-
cured hereby shaU ~t any time thereafter be held ro be s waiver of the terms hereof or of the i~trumenl secu?ed herby,
11. In addition to the (o~ego:ng monthly payments of princ'pal and interest required by the promissory note secvred hereby, mostgagor covenants
and agrees to pay to mortgagee w~rn eacn monrhiy paymcni ar+ suu~:'n.+:aS z:::
:~s::: by mortgagee to bs tqval to 1 f 12 of the annwl cost of the follow-
ing:
A-All real prope?ty taxes levied or assessed against the above described real estate.
B-Premiums on fire snd windstorm insurance as herein requ~red to be carried on the imptoveme:+TS situate on the above described premises.
C-Premiums on such mortgage gvaranty insurarce as mortgagee sha!! from t~me to time deem fit to tarry on the loan secured hereby.
Mwtgsgee shall from time to time notify mortgagor in writing of the amount due and paysble hereunder and such sum shall thereupon be due and
Fayable on the due date of the next monthly payment and each successive month thereefter until mutgagee shall notify mortgagor of a change in such
amount. Such sums shall be applied by mortgagee towa?d the payment of real property ta:es, insurance prem:ums, and morfgage guaranty inwrance
premiums.
IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sea( tF~e day snd ar first for
Siyned. Sealed and delivered in the preserue of:
h
witness : c ~ i Jo h H Grif ~
~ . ~
Witness : ~ ~ , _ . . . . atrice E. Grif h • ~n
srare o~oo~? Ne~r Jersey ~ . ~
~ I
couNn oF ~ ~ -
~
e~saa ° - Joseph H. Griffiths
N ~p~ • ~c.d .~d
' ,~~t~ioa ~E. Griffiths
e''~ his wife, ?o me well known and known to me to be
the L?dnri~tp/~ desarib~d•~'ia~ ~xecuted ths foregoiny instrument, and acknowledyed before me that they executed the same for the purp~s
~?K..~_~
-~~y?.,..d Ma' ~i'i~.t` ' BeatMce E. Griffiths
W;~. ~ ~ H. Griffiths
~ upon s separate and priwM
by a» hken, ' fnd apan from her said husband, ~cknowiedged to end before me that she executed said instrumero freely and voluo-
tsrily and wiN_ttpul{ ~r ~ ZOnstraint, appreheraion, or feu of ot from her said husbsnd. ~y
' VYRN~S rAy' ~~ID~~ie~~l seal +hK ~Q~-` dsy of_ , A. 19
_ . '!~S,.=J ~..Y .
7' ~ tr/.t~c~ ~
_ :~•a : i ~ ~ ` ~ ~,s , ~ si~•c
.
~ Nots Public in and for the Stsfe of Florida ~t larga
. My Commiuion expires:
~ Refum To:
Firtt Federal Savir~s 3 loan Assotiation
Of Fort P~erce. NOTARY PU°C1C OF .".~`J }~~SEY
fort Pierce, fiwida IiAr Commission Ex'riru Stp::~au i0, i9iv
This Instrument Prepared By JOhn W. COllitis f1lE0 ANQ RECOROED
=T,LUCIE COUMR~S~A
First Federal Savings b loan Association a~~t ~CUlT COUa1 ~
of Fort Pierce , Florida ~~EpK C,
RFCQR~ vfF;F~EO
~h~k~ B,, 202 ~cf13~9 ~+Ie,~ 17 2 3o PH'1 Z
z~ssss
Zs
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